Thursday, 2nd August 2007 (3104 views)

Consumers in India have welcomed government plans to introduce compulsory hallmarking, it has been revealed.

According to Reuters, gold customers in the Asian country believe the move by the government - in which gold jewellery can be certified for purity at government centres - is a positive one.

Furthermore, in January next year, a seven-year old hallmarking scheme will become compulsory.

The move will help to ensure the purity of gold sold to buyers, with Reuters reporting that a government survey in 16 cities last year discovered that over than 90 per cent of samples fell short in purity terms meaning that a customer buying 22-carat labelled gold jewellery could discover it to be 18 carats.

"Hallmarking has caught up quite nicely in Chennai, out of every ten customers, six or seven people ask for it," Ranjit Rathod, owner of a jewellery unit, told Reuters.

Last month, Idex online reported that the All India Gems & Jewellery Trade Federation took part in a video conference to discuss the hallmarking scheme.

 

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